Snowflake CEO's Advice on When to Go Public

The transcript discusses the fluidity and growth potential of the market, emphasizing the challenges in predicting its size due to rapid developments. It explores expansion opportunities in core markets, driven by cloud adoption and data platform acceleration. Reflections on IPO pricing highlight the importance of institutional ownership over mere share value. Security concerns are addressed, stressing the need for robust security models and the scrutiny faced by large companies.

What makes it difficult to predict the total addressable market according to the speaker?

• Historical data is unreliable

• Market is too small

• Analysts are not skilled

• There is a fixed upper limit

What is one of the long-term trends fueling the company's growth?

• Decrease in data consumption

• Shift to on-premise solutions

• Migration to the cloud

• Reduction in global partnerships

What is a key consideration for companies during an IPO according to the speaker?

• Avoiding any form of investment

• Building strong institutional ownership

• Focusing solely on retail investors

• Maximizing short-term profits

What is the speaker's advice regarding IPO pricing?

• Sell all shares at the same price

• Consider the quality of investors

• Focus on the highest possible price

• Ignore the price demand curve

When can company executives start selling shares after the lockup period?

• Immediately after the IPO

• During the March trading window

• After the first year

• Once the stock price doubles

What is a major concern for software companies in terms of security?

• Overinvestment in security

• Too many security audits

• Inadequate security resources

• Lack of software updates

How does the speaker describe the scrutiny faced by large software companies?

• Occasional and optional

• Intense and continuous

• Minimal and infrequent

• Nonexistent